Feb 6, 2018

As
per CNBC the 30 year fix rate is rising steadily since the beginning of this
year especially this week .

Price is up
to 6.8 % nationally and close to double digit in some local market. The
supply crisis is a big chunk of that biting
words are actually the rule now, but a lot of the supporting those prices are
also low mortgage rates, so any move higher will hit today's buyers especially
first time buyers hard because affordability is more dependent than ever on
cheap credit. Also want to remember as these home buyers looking for prices
they can afford they going to be looking for lowest rate and as rate rise that
means they not only be able to pay less but they will qualify less on mortgage.